Temu Accuses Fast Fashion Leader Shein of Bullying Suppliers
- Two fast-growing powers in online fashion clash over tactics
- Shein dominates ultra fast-fashion with $66 billion valuation
The Temu application.
Photographer: Lam Yik/BloombergThis article is for subscribers only.
Chinese-owned online retailer Temu sued rival Shein in the US, alleging it violated antitrust laws by using threats and intimidation to block clothing manufacturers from working with the fast-rising upstart.
Shein and Temu, owned by PDD Holdings Inc., are two of the rising powers in online retail, a growing threat to the likes of H&M and Zara. The lawsuit offers a rare glimpse into the business models of the two secretive companies — and their fierce competitive practices.